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CONFIDENTIAL
15
機密
XCC(73)10
A multi-contract approach, which would involve
international competitive tendering for a series of separate contracts, would give rise to the following advantages:
(a)
(b)
(c)
it would maximise competition and would be likely to result in the most competitive prices being obtained;
it would permit the earliest possible start on construction, as the first tender or tenders could be called for on the basis of designs and specifications in respect of a relatively small part of the system;
it would provide the maximum degree of flexibility both as regards the choice of contractors and suppliers and as regards organisation of the construction programme and of appropriate tender packages.
These advantages are offset by the disadvantages that:
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(d)
(e)
(f)
(g)
as it would be likely that some contracts might be won by local firms, or by companies in other Asian countries without export credit facilities, the export credit element likely to be available would be relatively low (probably less than 55%);
the terms of export credits available could be less favourable than under a single-contract approach (although there are indications that, if the minimum size of each contract were in the region of $250 million, the difference might be nil or insignificant);
the overall period of construction would possibly be longer; and
it would require the maximum degree of co-ordination and management by the operating authority and its agents, particularly if tendering were to be on the basis of a series
of relatively small contracts.
The advantages and disadvantages of the two approaches are finely balanced. However, in broad terms, a decision between them would seem to depend largely on an assessment of the benefits to be obtained from a larger export credit element, possibly on better terms, on the one hand, and from a lower overall contract price, on the other.
CONFIDENTIAL
機密